The Europe Security Automation Market would witness market growth of 13.1% CAGR during the forecast period (2023-2030).
By integrating with network controllers like Cisco ISE and other NAC solutions, security automation can employ algorithms and standard procedures to identify security events and include remedies by amending access policy rules or putting devices or users in quarantine. Integration between security systems, threat intelligence feeds, and security information and event management (SIEM) solutions give SIEM access to comprehensive contextual data concerning security incidents, including event logs and threat intelligence. The SIEM can analyze this data to spot potential threats, identify policy changes, and create indicators of compromise (IoCs) for later incident detection and repair.
During the development stage, automated security activities provide top-notch security. Developers can immediately address problems if automation finds potential risks and vulnerabilities. Security automation assists security systems by utilizing threat information to evaluate the attack surface and prioritize security risks before the program's deployment. There are many opportunities for human error when handling cyber security. For instance, people could neglect to update their computer's software or forget to change their passwords. They are relieved of their responsibility for these tasks through automation.
The adoption of security automation across various businesses is fueled by a surge in security breaches and incidents due to the BYOD trend's dramatic expansion that is hurting SMEs, as well as the quick deployment and development of cloud-based solutions. Because of the growing prevalence of connected devices and the growing acceptance of various IT-enabled services & solutions, the amount of data generated daily has increased even more, creating a tremendous opportunity for possible vulnerabilities requiring appropriate management.
Specific laws and guidelines on data security and privacy are in place in several European sectors. The financial industry, for instance, abides by rules such as the Markets in Financial Instruments Directive (MiFID II) and the Payment Services Directive (PSD2). For example, the European Union Medical Device Regulation (EU MDR) is followed by healthcare organizations. This further raises the need for efficient security measures, thus offering growth prospects for the market.
The Germany market dominated the Europe Security Automation Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,445.2 million by 2030. The UK market is exhibiting a CAGR of 12.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.9% during (2023 - 2030).
Based on Offering, the market is segmented into Solution, and Services. Based on Solution Deployment Type, the market is segmented into On-premise, and Cloud. Based on Solution Type, the market is segmented into Security Orchestration, Automation & Response (Threat Intelligence Automation, Incident Response Automation, Case Management Automation, and Others), Security Information & Event Management (Real-time Alerting Automation, Log Collection Automation, Incident Prioritization Automation, and Automated Incident Escalation), and Extended Detection & Response (Automated Threat Hunting, Real-time Response Automation, and Automated Compliance Reporting & Others). Based on Code Type, the market is segmented into Low Code, No-Code, and Full Code. Based on Technology, the market is segmented into AI & ML, Predictive Analytics, RPA, User Entity & Behavior Analytics, and Others. Based on Application, the market is segmented into Network Security, Endpoint Security, Incident Response Management, Vulnerability Management, Identity & Access Management, Compliance & Policy Management, and Data Protection & Encryption. Based on Vertical, the market is segmented into BFSI, Government & Defense, Energy & Utilities, Healthcare & Lifesciences, Media & Entertainment, Manufacturing, Retail & eCommerce, IT & ITeS, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Security Automation Market will Hit $21.2 Billion by 2030, at a CAGR of 13.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Palo Alto Networks, Inc., CyberArk Software Ltd., Check Point Software Technologies Ltd., Cisco Systems, Inc., IBM Corporation, Splunk, Inc., VMware, Inc., Crowdstrike Holdings, Inc., Fortinet, Inc. and Trellix (Symphony Technology Group)
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